According to CNBC, BofA CEO Ken Lewis sent a memo out to employees today saying the bank was well capitalized, that the credit markets are easing up and absolutely, positively not to believe the nationalization rumors.
Says Lewis: “Our company continues to be profitable. We see no reason why a company that is profitable with strong levels of capital and liquidity and that continues to lend actively should be considered for nationalization.”
Late Update: It’s a bit unclear now whether this was an internal staff memo or a statement released more broadly.
Josh Marshall is editor and publisher of TalkingPointsMemo.com.